The US Trade and Development Agency, under the Power Africa initiative, on Thursday awarded $1.1 million (Sh113 million) to Nairobi-based Xago Africa and another $500,000 (Sh51 million) to the State-owned KenGen

Article says that the Sh51 million is for equipment to tap more electricity from geothermal wells...so vague. The people who release this press releases take everyone stupid by using a lot of words to say nothing. The journalists who go for this press releases don't even ask for clarification and reproduce the press release as received.

The US Trade and Development Agency, under the Power Africa initiative, on Thursday awarded $1.1 million (Sh113 million) to Nairobi-based Xago Africa and another $500,000 (Sh51 million) to the State-owned KenGen

Article says that the Sh51 million is for equipment to tap more electricity from geothermal wells...so vague. The people who release this press releases take everyone stupid by using a lot of words to say nothing. The journalists who go for this press releases don't even ask for clarification and reproduce the press release as received.

Price will stabilise in the range of 8-9 per share.Year to date appreciation is 34.48% and based on Sparkly vs VVS KENGEN is up 30%

I think its the south africa firm PIC that is buying gradually.

Where are these volumes of 5M - 10M trading over several days coming from? From Kengen's shareholders list very few shareholders have more than a million shares. Do brokers bunch up small trades from wanjiku for several days and then trade them on a particular day to a big buyer? OR are these the untaken rights bought by PIC reflecting on NSE trades?

Price will stabilise in the range of 8-9 per share.Year to date appreciation is 34.48% and based on Sparkly vs VVS KENGEN is up 30%

I think its the south africa firm PIC that is buying gradually.

Where are these volumes of 5M - 10M trading over several days coming from? From Kengen's shareholders list very few shareholders have more than a million shares. Do brokers bunch up small trades from wanjiku for several days and then trade them on a particular day to a big buyer? OR are these the untaken rights bought by PIC reflecting on NSE trades?

That's the riddle... Small trades at the higher end of the range then wham a huge trade at the lower end of the range, lowering the VWAP to the lower end of the range.

I am well. I admit I didn't see PIC allowed to buy the untaken rights after the Rights Issue. There's plenty of time left. At least, KenGen isn't being boosted by speculation like KQ. I remain bullish KK and plan to boost my holdings soon. Profits galore despite the challenges.

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett

I am well. I admit I didn't see PIC allowed to buy the untaken rights after the Rights Issue. There's plenty of time left. At least, KenGen isn't being boosted by speculation like KQ. I remain bullish KK and plan to boost my holdings soon. Profits galore despite the challenges.

Infact the only difference is PIC.after they took the shares that was not taken during the rights,they continued adding more from the bourse.These helped increased the price.Without them the price would have been stagnant at 6.00-6.55.

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